SwitchWize Original Metric
Ohio has the largest savings gap: about $310 a year per household
These lists show how much more interest a household would earn at the best rate than at the local rate. SwitchWize calls this the Bank Gap. Data as of November 5, 2026.
Coverage: 4 of 51 states and 15 metros
We publish a number only where the banks we track hold enough of the local deposits. Places that fall short are left out, not estimated, so a missing state does not mean a small gap. How coverage is decided.
States, largest gap first
| # | State | Extra interest per household a year | Local rate | Best rate | Deposits covered |
|---|---|---|---|---|---|
| 1 | Ohio | $310 | 0.01% | 4.32% | 66% |
| 2 | South Dakota | $310 | 0.02% | 4.32% | 98% |
| 3 | Virginia | $303 | 2.54% | 4.32% | 83% |
| 4 | Delaware | $243 | 0.94% | 4.32% | 42% |
Metro areas, largest gap first
| # | Metro | Extra interest per household a year | Deposits covered |
|---|---|---|---|
| 1 | Bridgeport-Stamford-Danbury, CT | $733 | 82% |
| 2 | Columbus, OH | $310 | 92% |
| 3 | Sioux Falls, SD-MN | $310 | 99% |
| 4 | Charlotte-Concord-Gastonia, NC-SC | $308 | 82% |
| 5 | Washington-Arlington-Alexandria, DC-VA-MD-WV | $298 | 92% |
| 6 | Memphis, TN-MS-AR | $293 | 89% |
| 7 | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $234 | 42% |
| 8 | New York-Newark-Jersey City, NY-NJ | $165 | 40% |
| 9 | Providence-Warwick, RI-MA | $110 | 89% |
| 10 | Chicago-Naperville-Elgin, IL-IN | $95 | 48% |
| 11 | Omaha, NE-IA | $95 | 63% |
| 12 | Phoenix-Mesa-Chandler, AZ | $37 | 43% |
| 13 | Oklahoma City, OK | $22 | 44% |
| 14 | Springfield, MA | $16 | 51% |
| 15 | Jacksonville, FL | $9 | 98% |
Banks, largest gap first
Extra interest a year on $25,000 kept at each bank if moved to the top-3 average rate. Only banks with a verified current rate are listed.
| # | Bank | Extra interest a year | Its rate |
|---|---|---|---|
| 1 | Chase | $1,078 | 0.01% |
| 2 | Wells Fargo | $1,078 | 0.01% |
| 3 | Truist | $1,078 | 0.01% |
| 4 | BMO | $1,078 | 0.01% |
| 5 | Citizens Bank | $1,078 | 0.01% |
| 6 | Fifth Third Bank | $1,078 | 0.01% |
| 7 | Huntington Bank | $1,078 | 0.01% |
| 8 | Regions Bank | $1,078 | 0.01% |
| 9 | M&T Bank | $1,078 | 0.01% |
| 10 | TD Bank | $1,075 | 0.02% |
| 11 | KeyBank | $1,075 | 0.02% |
| 12 | Citibank | $1,073 | 0.03% |
| 13 | Bank of America | $1,070 | 0.04% |
| 14 | U.S. Bank | $1,068 | 0.05% |
| 15 | PNC Bank | $293 | 3.15% |
What moved this month
- Best available savings benchmark moved from 4.23% to 4.32%
Bank rate changes from the monthly change log. State and metro movers will appear once two monthly snapshots exist.
Quote, cite and download this data
Data as of November 5, 2026. Free to use with credit to SwitchWize and a link back.
Among the 4 states with enough tracked deposit data, Ohio has the largest savings-rate gap: about $310 per household per year (SwitchWize Bank Gap Leaderboard, data as of November 5, 2026).
SwitchWize (switchwize.com), "Bank Gap Leaderboard," data as of November 5, 2026. https://www.switchwize.com/bank-gap/leaderboard
How we calculated this
Each place's rate is the savings rate at local banks weighted by their share of deposits (FDIC Summary of Deposits). The gap is measured against the live top-3 average rate and turned into dollars with a typical balance for the area's income.
4 states and 15 metros cleared the coverage bar; 419 areas did not and are not shown.
Read the full methodQuestions or corrections: research@switchwize.com